DISH rises after firm says subscription trends look positive

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SymbolPriceChange
DISH38.990.30

DISH Network (DISH) is climbing after research firm Credit Suisse reported in a note issued earlier today that the company's third quarter subscription trends appear to be positive. The firm, which based its conclusion on interviews with independent DISH Network dealers, added that more consumers appear to be signing up for DISH than during the third quarter of 2011. Credit Suisse noted that some investors have worried that upcoming FCC rules could make it difficult for DISH to sell its spectrum to large companies. However, the firm anticipates that DISH will be able to "easily live with" the FCC's rules. Credit Suisse raised its target price on DISH's stock to $38 from $34 and maintained an Outperform rating. In mid-morning trading, DISH rallied $1.03, or 3.18%, to $33.28.

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